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Bogdanka net beats expectations; offers to pay dividend
March 20, 2012 / 5:22 AM / 6 years ago

Bogdanka net beats expectations; offers to pay dividend

WARSAW, March 20 (Reuters) - Polish coal miner Bogdanka on Tuesday reported a drop in its 2011 profit as the group bore the brunt of heavy investments, although the profit was higher than expectations.

Bogdanka’s last-year profit slid to 221 million zlotys ($71.19 million)from 230 million in 2010. Analysts expected the company to report a profit of 206 million zlotys.

The miner also offered to pay 68 million zlotys in dividend.

$1 = 3.1045 Polish zlotys Reporting by Maciej Onoszko; Editing by Ramya Venugopal

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